The regulator kept the base rate after it unscheduled twice in March to the level of 0-0.25% per annum. The rate was previously at this level in the period from December 2008 to December 2015.
The Fed has decided to lower rates in response to the dire economic consequences of an outbreak of coronavirus.
The press release also says that the Fed will continue to buy back mortgage and treasury bonds in the amount necessary to support the market (we recall that despite such statements, QE volume decreased by 6 times. Check our previous posts).
The decision coincided with the forecasts of most analysts. The dollar did not make significant fluctuations.
======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #Fed #interest #rate
The Fed has decided to lower rates in response to the dire economic consequences of an outbreak of coronavirus.
The press release also says that the Fed will continue to buy back mortgage and treasury bonds in the amount necessary to support the market (we recall that despite such statements, QE volume decreased by 6 times. Check our previous posts).
The decision coincided with the forecasts of most analysts. The dollar did not make significant fluctuations.
======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #Fed #interest #rate